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Guideline Value

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Guideline Value for Udaiyar Thottam 7th st ( Ward No.17 )

₹1600/sq.ft.

The guideline value for Udaiyar Thottam 7th St ( Ward No.17 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Udaiyar Thottam 7th St ( Ward No.17 )

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Udaiyar Thottam 7th st ( Ward No.17 ) guideline value

The current guideline value for Udaiyar Thottam 7th st ( Ward No.17 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Udaiyar Thottam 7th st ( Ward No.17 ) has changed

The guideline value for Udaiyar Thottam 7th st has seen revisions over the years. The register indicates that there is no figure for the years 2002, 2003, 2007, 2017, and 2023. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later revised to Rs 1,600 per sq.ft in 2024, marking an increase of 7% over this period.

In summary, the guideline value has increased from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024. This increase reflects the changes in the property market within the Madhavaram area.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, which is the same as the guideline value for Udaiyar Thottam 7th st.

Stamp duty and registration fee for property in Udaiyar Thottam 7th st ( Ward No.17 )

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udaiyar Thottam 7th st ( Ward No.17 )?

The Sub Registrar Office covering Udaiyar Thottam 7th st is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Madhavaram, this value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall costs associated with property transactions. Accurate knowledge of these values can help in planning and budgeting for property purchases.

Frequently asked questions

What is the current guideline value of Udaiyar Thottam 7th st?

The current guideline value of Udaiyar Thottam 7th st ( Ward No.17 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. There are no figures available for the years 2003, 2007, 2017, and 2023.

What is the classification of land in Udaiyar Thottam 7th st?

Udaiyar Thottam 7th st is classified as Residential Class II Type - I. This classification is important for determining the appropriate guideline value.

What is the stamp duty rate for properties in Udaiyar Thottam 7th st?

The stamp duty rate for properties in Udaiyar Thottam 7th st is 7% of the guideline value or sale price, whichever is higher. This rate applies to all property transactions within the area.

Where can I find the Sub Registrar Office for Udaiyar Thottam 7th st?

The Sub Registrar Office for Udaiyar Thottam 7th st is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in the area.